Wesfarmers Limited Stock Rating Upgraded by JPMorgan Chase & Co. (WES)
Wesfarmers Limited (ASX:WES) traded down 1.01% during mid-day trading on Tuesday, hitting A$42.585. The stock had a trading volume of 496,122 shares. Wesfarmers Limited has a one year low of A$39.1656 and a one year high of A$44.600. The stock has a 50-day moving average of A$42.39 and a 200-day moving average of A$42.76. The company has a market cap of A$48.686 billion and a price-to-earnings ratio of 20.40.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Wesfarmers Limited in a research note on Thursday, April 24th. They now have a $38.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Wesfarmers Limited currently has a consensus rating of “Hold” and an average target price of A$42.33 ($39.56).
Wesfarmers Limited is engaged in retailing operations, including supermarkets, general merchandise and specialty department stores; fuel, liquor and convenience outlets; retailing of home improvement and outdoor living products and supply of building materials; retailing of office and technology products; coal mining and production; gas processing and distribution; insurance; industrial and safety product distribution; chemicals and fertilizers manufacture, and investments.
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